Kortik 🇦🇲 on Nostr: Bitcoin is an entire system, a system for creating the conditions of physical cash ...
Bitcoin is an entire system, a system for creating the conditions of physical cash electronically.
Satoshi's electronic cash system created the conditions for an electronic analog to physical cash.
For the first time ever, data could be cash. And data is analogous to speech, and speech always wants to be free!
So is #Bitcoin still money?
There are
no 'coins',
no 'notes',
no 'currency units'.
There is only a chain of digital signatures(UTXO)
When a new block is found a new special digital signature is created.
The signature announced publicly to anyone who will listen
There are no wallets.
There are only keychains that hold public/private key pair data
Text. Data. Speech.
Satoshi's electronic cash system created the conditions for an electronic analog to physical cash.
For the first time ever, data could be cash. And data is analogous to speech, and speech always wants to be free!
So is #Bitcoin still money?
There are
no 'coins',
no 'notes',
no 'currency units'.
There is only a chain of digital signatures(UTXO)
When a new block is found a new special digital signature is created.
The signature announced publicly to anyone who will listen
There are no wallets.
There are only keychains that hold public/private key pair data
Text. Data. Speech.